1515 McArthur
VA Assumable
3.18% Rate
50 photos
Click to enlarge

1515 McArthur

Colorado Springs, CO 80909

3
Bedrooms
1
Bathrooms
1,414
Sq Ft

Payment Calculator

$1,727per month

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$17,750
$17,750$98,285
Secondary Financing8.5% Rate
$80,535
Blended rate4.45% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,132/mo
Assumable @ 3.18% + gap
$1,727/mo
$405less per month
$405
per month
$4,860
per year
$145,801
over 30 years

🏦 Loan Details

List Price
$355,000
Assumable Rate
3.18%
Remaining Balance
$256,715
Loan Type
VA
Est. Equity Gap
$98,285
Annual Taxes
$1,233

About This Home

This charming 3-bedroom ranch offers great curb appeal with a classic brick exterior, and a fantastic central location! Step inside to a bright and open main-level living room featuring a cozy fireplace and plenty of natural light. The kitchen offers maple cabinetry, stainless steel appliances, and functional workspace for everyday living.\r \r The spacious primary bedroom provides added flexibility with space that could be used for a walk-in closet, second laundry area, or converted to a half bath. Two additional bedrooms and a full bathroom complete the main level.\r \r Downstairs, the partially finished walk-out basement offers even more possibilities—use it as a family room, home office, workout area, hobby space, or additional storage. It could also be converted back into a 1-car garage easily. \r \r Outside, enjoy a fully landscaped yard with mature trees, a sprinkler system, storage shed, and plenty of space to relax or entertain. Additional features include vinyl windows and low-maintenance brick exterior.\r \r Conveniently located just blocks from Patty Jewett Golf Course, with easy access to Palmer Park, downtown Colorado Springs, shopping, dining, recreation, and more. This well-located home offers character, flexibility, and plenty of potential to make it your own!

Data Source: Pikes Peak MLS (PPMLS)

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$355,000
3.18% rateVASave $859/mo

Request a Tour or Talk With an Agent

Schedule a showing or talk with our team

Or reach us directly:

📞 (719) 624-3472